SUPPLEMENT 


TO  THE 

cTVliami  University'  Bulletin 


SERIES  X,  NO.  9. 

JUNE,  1912. 

Annual  Report  of  the  Secretary  of  the  Board 
of  Trustees  of  Miami  University 


1911-1912 


OXFORD,  OHIO 


FINANCIAL  STATEMENT 


OF  THE 


Secretary  of  the  Board  of  Trustees  of 
Miami  University 

For  the  Fiscal  Year  Ending  May  31,  1912 


Presented  to  the  Board  of  Trustees 
at  the  Annual  Meeting,  June  11,  1912 


Oxford,  Ohio 

Published  by  the  University 

June,  1912 


To  the  Board  of  Trustees 

Of  Miami  University: 

I  have  the  honor  to  submit,  herewith,  my  annual 
statement  of  the  receipts  and  expenditures,  and  the  present  financial 
condition  of  the  University  at  the  close  of  the  fiscal  year,  May  31st, 
1912. 

The  form  of  the  report  is  substantially  in  accordance 
with  the  Carnegie  Foundation  as  modified  by  the  Ohio  State  Bu¬ 
reau  of  Accounting,  to  suit  the  requirements  of  a  State  University, 
omitting  all  those  “schedules  '  that  do  not  apply  to  this  Institution. 

Very  respectfully, 

GEO.  S.  BISHOP,  Secretary. 


< 


]f  JO  hy*  ■  ? 


Schedule  A 

Consolidated  Statement 

INCOME  AND  EXPENDITURES 


Cash  balance  June  1,  1911 . , . $  5,910.95 

Total  income  for  year  (Schedule  B-l) .  270,177.20 

- $282,088.21 

Total  expenditure  for  year  (Schedule  C-l) .  280,735.33 


Cash  balance  May  31,  1912 .  $  1,352.88 


Schedule  A-l 


Balance  Sheet 

FOR  THE  YEAR  ENDING  MAY  31,  1912 


ASSETS 

Cash  in  Oxford  National  Bank . $  1,352.88 

Cash  in  Cincinnati  Trust  Co.  (3%) ....  1,937.08 

Auditor  of  State,  Schedule  H .  107,914.09 

Bonds — Investments,  Schedule  D .  20,400.00 

Funds — Designated  purposes,  Schedules 

D  and  F .  978.27 

Real  Estate,  Schedule  F .  109,493.97 

Educational  Plant — 

Lands,  buildings  and  equipment, 

Schedule  E  .  741,159.09 


$1,142,235.98 


LIABILITIES 

Notes  or  accounts  payable .  None 

State  appropriations,  Schedule  H....$  1(57,914.09 

Other  current  liabilities .  None 

Bonds — Investments,  general  purposes, 

Schedule  .  20,400.00 

Funds  for  designated  purposes,  Sched¬ 
ules  D  and  F .  978.27 

Bonds  or  mortgages  against  plant.  .  .  .  None 

Investment  or  capital  account .  853,943.02 


$1,142,235.98 


Income 


Schedule  B-l 


DESCRIPTION  Totals 

Income  from  Students: 

Incidental  and  laboratory  fees  (Schedule  B-2) . $  14,887.83 

Special  fees,  diplomas,  etc.  (Schedule  B-2) .  585.00 

For  supplies,  chemicals,  laboratory  materials,  etc .  003.0!) 

For  dormitories  .  0,137.18 

For  dining  halls — board .  10,734.04 

Income  from  Investments: 

Endowment  for  general  purposes  (Schedule  F) . .  0,002.23 

Land  Grant — Act  of  Congress — Total  number  of  acres,  23.403. 

Bonds  (Municipal) — Interest  .  574.32 

Income  from  endowments  for  designated  purposes  (Schedule  F) .  53.00 

Income  from  State: 

Tax  levy  current  expenses  College  of  Liberal  Arts .  00,824.03 

Tax  levy  current  expenses 'Normal  College .  10.475.03 

Appropriation  current  expenses  College  of  Liberal  Arts .  41,481.30 

Appropriation  building  and  special  purposes .  100,217.08 

Income  from  Other  Sources: 

Miscellaneous  sales,  old  material,  etc.,  unclaimed  checks .  107.05 

From  Alumni  for  Library  Building .  1,831.52 


/Tbtal  income  . $270,177.20 


4 


Receipts  from  Students 


Schedule  B-2 


Arts 

Normal 

Summer 

School 

Total 

Number  of  students  registered . 

Number  of  students  paying  fees . 

Number  of  students  admitted  without  payment . 

Number  students  in  summer  school  registered  in 

333 

328 

5 

173 

169 

4 

548 

548 

1054 

1045 

9 

70 

$15,491.52 

17.00 

S3. 00 
485.00 

Tuition,  Incidental  and  Laboratory  Fees: 

Total  receipts  from  all  students . 

Incidental  fee  paid  per  student,  Schedule  B-l  . 

Special  Fees: 

$10,776.52 

30.00 

17.00 

83.00 

300.00 

$2,884.30 

15.00 

$1,830.70 

3.00 

185.00 

Total  receipts  account  fees,  corresponding  to 
Schedule  B-l  . 

$16,076.52 

Schedule  C-l 

Classified  Expenditures 

Expenses: 

Salaries  . $110,437.97 

Employees  and  extra  labor .  3,400.02 

Materials  and  general  supplies .  3,099.10 

Laboratory  supplies  .  1,031.90 

Coal  .  0,218.88 

Water  and  light .  1,840.87 

Stationery  and  olfiee  supplies .  1,821.57 

Printing,  bulletins  and  catalogues .  4,243.23 

Advertisement  .  945.02 

Traveling  expenses  .  2,477.21 

Boarding  Department  .  21,458.10 

Rent  of  cottages  and  ground .  015.00 

Repairs — Equipment  and  buildings .  7,008.31 

Freight,  express  and  drayage. .  807.98 

Incidentals  .  3,738.55 

Trustees’  expenses,  including  committees .  1,170.10 

Student  labor  and  assistance .  2,005.00 

Commencement  expenses  .  099.93 

Taxes  and  insurance  .  1,127.53 

Repairs  to  Main  Building — Contract .  3,717.09 

High  School  Visitors . : .  992.71 


Total  Expenses,  Schedule  C-2 .  $186,729.99 

Equipment: 

Apparatus  .  3,554.20 

Books  .  4,039.00 

Furniture  and  fixtur.es .  3,130.58 


Total  Equipment,  Schedule  C-2 .  $  10,723.84 

New  Buildings,  Schedule  C-2 .  $  70,310.83 

Bonds  for  investment . $  12,907.85 

Interest  re-deposited,  Cincinnati  Trust  Co .  50.82 


Total  investment  .  12,904.07 


Total  Expenditures  .  $280,735.33 


0 


Schedule  C-2 


Expenditures  by  Departments  or  Divisions 


DESCRIPTION 


Departments: 

Agriculture  and  Forestry . 

Botany  . 

Chemistry  . 

Drawing  and  Art . . 

Domestic  Science  . 

English  . 

Economics  . 

Education  . 

Geography  . 

German  . 

Greek  . 

Gymnasium  and  Physical  Training 

History  . 

Latin  . 

Manual  Training  and  Handwork.. 

Mathematics  . 

Music  . 

Physics  . . 

Philosophy  . 

Public  Speaking  . 

Romanic  Languages  . 

Sociology  . 

School  Administration  . 

Training  . 

Zoology  . 

Total  Departments  . 

Special  Instruction: 

Summer  School  . 

McGuffey  Training  Schools . 

Total  Special  Instruction  .  .  . 


Library 


Expense 

Items 

Equipment 

Items 

Totals 

$3,482.97 

$  9.00 

$3,491 .97 

2,935.89 

183.16 

3,119.05 

3,447.67 

170.67 

3,618.34 

2,449.17 

2,449.17 

2,538.58 

103.75 

2,642.33 

5,926.79 

73.20 

5,999.99 

2,100.00 

49.21 

2,149.21 

2,100.00 

2,100.00 

2,427.19 

223.22 

•2,650.41 

3,741.40 

8.60 

3,750.00 

2,451.47 

127.40 

2,578.87 

4,797.26 

32.90 

4,830.16 

5,578.05 

5,578.05 

2,081.68 

68.34 

2,150.02 

3,705.71 

253.20 

3,958.91 

4,236.35 

62.85 

4,299.20 

2,929.89 

42.50 

2,972-19 

2,752.46 

790.34 

3,542.80 

3,500.30 

42.35 

3,542.65 

2,644.75 

2,644.75 

5,082.26 

63.50 

5,145.76 

2,050.00 

2,050.00 

640.00 

640.00 

3,600.00 

3,600.00 

4,100.47 

702.65 

4,803.12 

$81,900.31 

$3,006.84 

$84,907.15 

$7,500.00 

$7,500.00 

8,592.59 

$690.13 

9,282.72 

$16,092.59 

$690.13 

$16,782.72 

$5,105.92 

$4,661.83 

$9,767.75 

$103,098.82 

$8,358.80 

$111,457.62 

Forward 


Schedule  C-2 — Continued 

Expenditures  by  Departments  or  Divisions 


DESCRIPTION 


Expense 

Items 


Equipment 

Items 


Totals 


Brought  forward  . 

Administration  and  General  Accounts: 

( Details  expense,  Sell.  C-3 ;  Equipment, Sell. C-4) 

Executive  Offices  . 

Trustees  (including  committees) . 

Commencement  expenses  . 

Advertisement  . 

Water  . 

I  Electric  Light  (purchased) . 

High  School  Visitors . 

University  Publications  . 

General  expenses  . 

Total  Administration  and  General . 

Operation,  Maintenance  and  Equipment  of  Plant: 

Salaries:  Janitors,  caretakers,  etc . 

Salaries:  Supt.  bids,  and  grounds,  Engineers,  etc.. 

Coal  . 

Heat,  Power  and  Light  Plant . 

Grounds  . 

Repairs  Buildings,  (current) . 

Re-construction  (contract)  Men's  Dormitories.... 
Repairs,  Main  Building  (contract) . 

Total  Maintenance,  Etc . 

Dining  Halls  . 

New  Buildings: 

Women’s  Dormitory: 

Contract  . 

Architect  . 

Materials  and  extra  labor . 

Bonds  purchased  . 

Total  Expenditures  . 


$103,098.82 


$19,509.41 
1.170.10 
099.93 
945.02 
1,243.85 
399.29 
992.7 1 
4.218.50 
8,179.26 


$37,358.07 


$4,048.44 

3,366.05 

6,218.88 

1.840.01 

2,988.01 

3,422.08 

17,089.62 

3,717.69 


$42,090.78 


$21,122.76 


50,085.07 

1,225.93 

915.61 


$12,907.85 


$270,011.49 


$8,358.80 


$1,007.03 


1,010.31 


$1 1 1,457.02 


$20,517.04 
1,170.10 
099.93 
945.02 
1 .243.85 
399.29 
992.7 1 
4,218.50 
9,189.57 


$2,017.94 


$39,370.01 


11.70 


$4,048.44 

.3,300.05 

0,218.88 

1.857.71 

2,988.01 

3.422.08 

17.089.02 

3,717.69 


$11.70  $42,708.48 


$335.40  $21,458.10 


52.827.21 


$12,907.85 


$10,723.84  $280,735.33 


8 


Departmental  Expenses 


CO 

6 

CD 


O 

m 


Departmental  Expenses  Continued 


' 


Addresses.  8  Food  supplies.  t  Plants  and  tree  surgery. 


Lands,  Buildings  and  Equipment 
Equipment 


Schedule  C-4 


DEPARTMENT 

Apparatus 

Books 

Furniture 

and 

Fixtures 

Totals 

$9.00 

$  9.00 
183.16 

$174.44 

$  8.72 

140.24 

30.43 

170.67 

30.60 

73.15 

103.75 

20.20 

53.00 

73.20 

49.21 

49.21 

160.29 

62.93 

223.22 

1.85 

6.75 

8.60 

102.40 

25.00 

127.40 

32.90 

32.90 

Latin  . 

66.84 

.75 

.75 

68.34 

232.40 

20.80 

253.20 

62.85 

62.85 

42.50 

42.50 

772.84 

17.50 

790.34 

42.35 

42.35 

41.00 

22.50 

03.50 

551.27 

38.28 

113.10 

702.65 

Total  Departments  . . 

$2,452.92 

$42.37 

$341.55 

$3,006.84 

McGuffey  Training  Schools . 

$292.38 

$211.30 

$186.45 

$690.13 

$3,121.86 

$1,539.97 

$4,661.83 

Administration  and  General: 

Executive  offices: 

1,946.93 

71.01 

1,946.93 

71.01 

Heat,  Power  and  Light  Plant: 

$11.70 

335  40 

335.40 

$10,723.84 

Total  Equipment,  Schedule  C-2 . 

$2,757.00 

$3,545.53 

$4,421.31 

New  Buildings. 


Women’s  Dormitory  . $52,827.21 

Reconstruction  of  Men’s  Dormitories .  17,089.62 

Total  New  Buildings . $69,916.83 


11 


Schedule  C-a 


Departmental  Salaries— Instructors 


DEPARTMENT 


Professors 


Associate 

Professors 


Assistant 

Professors 


Instructors 


Total 


Agriculture  and  Forestry . 

Botany  . 

Chemistry  . 

Drawing  and  Art . 

Domestic  Science  . . . 

English  . 

Economies  . 

Education  . 

Geography  . 

German  . 

Greek  . 

History  . 

Latin  . 

'Manual  Training  and  Handwork... 

Music  . 

Mathematics  . 

Physical  Training  and  Gymnasium.. 

Physics  . 

Philosophy  . 

Public  Speaking  . 

Romanic  Languages  . 

Training  . 

Sociology  . 

School  Administration  . 

Zoology  . 


Totals . 

Special  Instruction: 

Summer  Term . 

McGull'ey  Training  Schools. 


Totals,  Instruction.. 


200.00 

200.00 

335.00* 


000.00 

100.00 

100.00 

,400.00 

,300.00 

100.00 

000.00 

000.00 

200.00 


,100.00 

,400.00 

,400.00 

,300.00 

,800.00 

,500.00 

,000.00 

,000.00 

640.00* 

,500.00 


1,500.00 


1.500.00 


1 .000.00 
1,400.00 
1,200.00 
2.400.00 


1 ,400.00 
330.00* 


1,700.00 

1,200.00 


800X10 

850.00 

800.00 

200.00 


1.500.00 


000.00 

950.00 

000.00 

2,100.00 

1,200.00 

600.00 

1,000.00 


1 ,200.00 


$48,175.00 


$4,500.00 


$1 1 ,830.00 


$2,830.00 


$800.00 


$1,375.00 


$51,005.00 


$5,300.00 


$13,205.00 


$2,200.00 

2,200.00 

2,135.00 

2,250.00 

2,000.00 

0.100.00 

2,100.00 

2.100.00 

2,400.00 

3,700.00 

2,4.30.00 

5,500.00 

2.000.00 

3,100.00 

2,650.00 

4,200.00 

4,500.00 

2,400.00 

3,500.00 

2.400.00 

5,000.00 

3,600.00 

2,000.00 

640.00 

3,700.00 


$10,300.00 


$74,805.00 


$1,504.15 

7.815.00 


$7,119.15 

7,815.00 


$10,010.15 


$80,730.15 


*  Instruction  Riven  by  Dean  anil  proportionate  part  of  salary  charged  to  Department. 


12 


Securities: — Bonds,  Stocks 


Schedule  D 


DESCRIPTION 

Balance  Be¬ 
ginning  of 
Year 

Additions 
During  Year 

Total 

Balance  Last 
of  Year 

Interest 

Received 

Investments: 

Bonds:  City  of  Hamilton,  Ohio,  4 y2%. 
Due  1920 

$3,000.00 

3,000.00 

$3,000.00 

3,000.00 

$135.00 

120.00 

Bonds:  Franklin  Co.,  O.,  4%.  Due  1917.  . 

3,000.00 

Bonds:  Dayton,  Ohio,  414% .  .  . 

6,000.00 

6,000.00 

0,000.00 

6,000.00 

6,000.00 

6,000.00 

135.00 

127.50 

Stock:  Hooven,  Owen  &  Rentschler  Co., 

Hamilton,  Ohio  . 

500.00 

500.00 

500.00 

30.00 

Oxford  Loan  and  Building  Ass’n,  5%.  .  .  . 

478.27 

478.27 

478.27 

23.90 

Total  Securities  . 

$6,978.27 

$12,000.00 

$18,978.27 

$18,978.27 

$571.40 

Real  Estate:  21  lots  adjoining  Cleves,  O., 

8  lots  in  Corrvville,  Cincinnati,  O.  .  .  . 

2,400.00 

2,400.00 

2,400.00 

85.90 

$9,378.27 

$12,000.00 

$21,378.27 

$21,378.27 

$657.30 

Schedule  E 

Educational  Plant:  Lands,  Buildings  and  Equipment 


University  Site,  Campus,  Grounds,  Etc.: 

00  Acres  in  Campus  . 

35  Acres  in  Experimental  Station  and  Athletic  Grounds . 

Buildings: 

Main,  brick,  three  stories,  250x00 . 

Central  part  erected  1824. 

East  wing  erected  1898. 

West  wing  erected  1870. 

Northeast  Dormitory,  Men’s,  three  stories,  brick,  erected  1825 . 

Southeast  Dormitory,  Men’s,  three  stories,  brick,  erected  1830 . 

Brice  Hall  (Science),  brick,  three  stories . 

East  one-third  erected  1892. 

West  two-thirds  erected  1905. 

Hepburn  Hall,  Women’s  Dormitory,  brick,  three  stories,  erected  1905 

Auditorium  and  Offices,  brick,  two  stories,  erected  11)00 . 

Herron  Gymnasium,  brick,  two  stories,  erected  1897 . 

Normal  Building  (South  Pavilion),  brick,  three  stories,  erected  1909. 

Library,  brick  (fireproof),  erected  1909 . 

Power  House,  brick,  erected  1907 . 

Women’s  Dormitory,  brick  (fireproof),  erected  1912 . 


Balance 
End  of  Year 

.$  30,000.00 
.  20,000.00 


100,000.00 


12,500.00 

12,500.00 

52,000.00 


45,000.00 

65,000.00 

25,000.00 

57,000.00 

70,000.00 

31,500.00 

75,000.00 


Total  Buildings  . $595,500.00 

Total  Equipment  .  145,659.09 

Grand  Total  Lands,  Buildings  and  Equipment . $741,159.09 


Schedule  F 

Endowment  Funds— General  Purposes 

Total  at  Knd 
of  Y ear 

Original  Endowment: 

Township  of  Land  (Oxford) . $109,403.97 

23,403  Acres,  leased  perpetually  without  revaluation,  at  6  per  cent,  on 
amount  originally  sold  for,  granted  by  Act  of  Congress  of  March  3,  1803. 

Endowment  Funds — Designated  Purposes: 

Bishop  Prize  Fund  .  478.27 

Fund  established  1891  by  gifts  of  Alumni  in  memory  of  Professor  Robert 
H.  Bishop.  Annual  income  used  as  a  Latin  Prize 

McFarland  Prize  Fund .  500.(10 

Fund  established  by  Mr.  Jas.  R.  Patterson,  class  of  1858,  in  memory 
of  Prof.  Robert  W.  McFarland,  income  to  be  used  annually  as  a  Mathe¬ 
matical  Prize. 


Total  Funds  for  designated  purposes . $  978.27 


14 


Schedule  G 


Dining  Halls 

HEPBURN  HALL— STUDENTS’  COMMONS 

Receipts: 

Balance  June  1,  1911 . 

Receipts  for  board . 

Receipts  for  banquets  and  guests . 

Total . 

Disbursements: 

Salary — Matron  . 

Employees  . 

Renewal  and  repairs  of  equipment . 

Express  and  freight . 

Food  supplies  . 

Materials  and  general  supplies . 

Furniture  and  fixtures  . 

Laundry  . 

Fuel  . 

ice  . 

Banquets  . 


$  010.25 

19,143.00 
591.04 


$20,344.89 


$  1,000.00 
4,248.29 

435.90 
230.30 

14,155.82 

152.00 

335.40 

107.90 
281.05  . 

80.01 

418.17 

- $21,458.10 


Deficit 


1,113.27 


This  deficit  is  only  apparent  and  is  due  to  board  bills  not  collected  until  end  of  school 
year.  The  boarding  year  ends  August  1st,  each  year. 


15 


/ 


A 


<  • 


State  Aid— Appropriations 


Schedule  II 


Balance 
June  1,  1911 

Appr’ns 
for  Year 

Total 

Requisitions 

Balance 
May  31,  1912 

Tax  Levy — General  purposes  University . 

$50,039.04 

$62,500.00 

$113,139.04 

$69,843.96 

$43,295.08 

Tax  Levy  for  Normal  College . 

10,741.95 

37,500.00 

57,241.95 

16,475.93 

40,700.02 

Apparatus,  College  of  Liberal  Arts . 

8,074.83 

8,000.00 

10,074.83 

7,350.32 

8.724.51 

27,500.00 

02,500.00 

45,074.62 

10,825.38 

Upkeep  andRepairs,  Buildings  and  Grounds. . . 

10,000.00 

10,000.00 

20,000.00 

9,703.03 

10/230.97 

1 ibrary  . 

5,000.00 

5,000.00 

5,000.00 

5,000.00 

5,000.00 

1,800.00 

1 ,800.00 

1,800.00 

1,200.00 

1,200.00 

1.200.00 

Summer  Session  . 

2,000.00 

2,000.00 

2,000.00 

2,000.00 

2,000.00 

Re-construction  Men’s  Dormitories . 

35,000.00 

35,000.00 

10.901.34 

1 8,098.66 

Woman’s  Dormitory  . • . 

27,477.20 

37,500.00 

64,977.20 

52,009.13 

12,908.07 

Furnishing  Woman’s  Dormitory . 

10,000.00 

10.000.00 

10,000.00 

Totals . 

$238,000.00 

$395,933.02 

$228,018.33 

$167,914.60 

16 


